Begbies Traynor Group PLC
24 May 2007
24 May 2007
Begbies Traynor Group plc - Trading Update
Begbies Traynor Group plc ('BTG' or 'the Group') - AIM 'BEG'
Trading Update prior to release of Prelims
Prior to announcing its preliminary results for the year to 30 April 2007,
Begbies Traynor Group plc reports on its current trading.
The Group will announce its preliminary results for the year ended 30 April 2007
on Wednesday 4 July 2007, which are expected to meet market expectations.
During 2007 the board has been progressing the Group strategy of building a
widely based professional support services business and has made good progress
in the process of identifying and penetrating several new service streams, both
by recruitment and acquisition.
The UK market for business recovery activities remains static. Growth in this
division continues to rely on market share capture, through senior recruitment
and continued in-fill boutique acquisitions. However, we are very well placed to
take advantage of a market upswing when it occurs.
Personal insolvency remains a small part of our overall operations and, although
we have enjoyed good growth in Scotland, we have not expanded our activity south
of the border as the market remains in flux. Once this market stabilises, we
will re-assess the opportunities which emerge.
In Corporate Finance, we continue to expand our national reach and the resource
base of our professional team. We have been particularly successful in
recruiting experienced and respected senior practitioners.
Our international association 'Begbies Global Network' has had a successful
launch and membership is rapidly increasing. The benefits of this significant
investment in time and initial costs are already becoming evident, through work
referrals and improved delivery capability, which, we believe, will enhance
group earnings in the medium term.
For further information, please contact:-
Ric Traynor -Executive Chairman, Begbies Traynor Group plc 0161 839 0900
Guy Peters - Shore Capital 0207 408 4090
Information on Begbies Traynor can be accessed via the Group's website at
www.begbies-traynor.com
This information is provided by RNS
The company news service from the London Stock Exchange DAEEXEFE
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